305 S Border Street, Benton, AR

$1,900,000

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17,664

Square feet

1.00

Acre

About 305 S Border Street

Perfectly maintained and updated, minutes from downtown and blocks away from freeway access. Fantastic opportunity to start or build an investment portfolio as property has been well kept with excellent tenants. Easy to rent. Updates include: 1.) 6 exterior stairwell / decks have been replaced and painted. 2.) Exterior concrete scraped and painted around all units. 3.) 49 windows have been replaced 4.) Fence added along the drainage ditch 5.) 15 new HVAC units 6.) 12 Water heaters 7.) A new sump pump was installed to improve drainage. 8.) 30 various appliances (refrigerator, washer, dryer, stove, dishwasher) 9.) 12 apartments have new open floor plans and have been completely remodeled within the last 5 years, including upgraded counter tops lighting, cabinets and flooring. 11 apartments have original floor plans and have been completely remodeled, (no upgrade to cabinets or counter tops but floors and paint done). 2 units have tenants that have lived in the units for over 5 years and no recent upgrades have been made. The average rent has gone from 550 monthly to 800 monthly.

Features of 305 S Border Street

MLS® # 24024868
Price $1,900,000
Square Footage 17,664
Acres 1.00
Year Built 1990
Type Commercial
Sub-Type Business, Bldg and Land
Style Traditional
Status Active

Community Information

Address 305 S Border Street
Area Benton
Subdivision Not in Subdivision
City Benton
County Saline
State AR
Zip Code 72015

Amenities

Utilities Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural
Parking Spaces 24

Interior

Heating Central Heat-Gas
Cooling Central Cool-Electric
# of Stories 2

Exterior

Exterior Features Video Surveillance, Dumpster
Lot Description Level
Roof Composition
Foundation Slab

Additional Information

Date Listed July 12th, 2024
Days on Market 212
Foreclosure No
Short Sale No
HOA Fees 0.00

Listing Details

AgentLindsey Blaylock
OfficeBailey & Company Real Estate

Listing Map

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